A company that franchises coffee houses conducted taste tests for a new coffee product. The company prepared
Question:
A company that franchises coffee houses conducted taste tests for a new coffee product. The company prepared four blends and randomly chose individuals to do a taste test and state which of the four blends they liked best. Results of the taste test for 100 individuals are given.
Blend Taste-Testers’ Preference
1 ............20
2 ............30
3 ...........35
4 ...........15
a. Define the experiment being conducted. How many times was it repeated?
b. Prior to conducting the experiment, it is reasonable to assume preferences for the four blends are equal. What probabilities would you assign to the experimental outcomes prior to conducting the taste test? What method did you use?
c. After conducting the taste test, what probabilities would you assign to the experimental outcomes? What method did you use?
Step by Step Answer:
Quantitative Methods For Business
ISBN: 148
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam